Seaport Global Securities Equities Analysts Lift Earnings Estimates for Stanley Black & Decker, Inc. (SWK)

Stanley Black & Decker, Inc. (NYSE:SWK) – Equities research analysts at Seaport Global Securities raised their Q3 2018 EPS estimates for Stanley Black & Decker in a report issued on Thursday. Seaport Global Securities analyst M. Shlisky now expects that the industrial products company will earn $2.33 per share for the quarter, up from their prior forecast of $2.19. Seaport Global Securities has a “Buy” rating and a $193.00 price target on the stock. Seaport Global Securities also issued estimates for Stanley Black & Decker’s FY2018 earnings at $8.44 EPS and FY2019 earnings at $9.51 EPS.

A number of other equities research analysts also recently issued reports on SWK. Nomura set a $180.00 price objective on shares of Stanley Black & Decker and gave the company a “buy” rating in a research report on Wednesday, October 25th. Wells Fargo & Co reissued an “outperform” rating and set a $175.00 price objective (up previously from $165.00) on shares of Stanley Black & Decker in a research report on Wednesday, October 18th. Northcoast Research started coverage on shares of Stanley Black & Decker in a research report on Friday, October 20th. They set a “buy” rating and a $193.00 price objective for the company. Zelman & Associates raised shares of Stanley Black & Decker from a “hold” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded shares of Stanley Black & Decker from a “buy” rating to a “hold” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $177.75.

Shares of Stanley Black & Decker (NYSE SWK) opened at $169.72 on Monday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.05 and a quick ratio of 0.69. Stanley Black & Decker has a 1 year low of $120.89 and a 1 year high of $176.62. The company has a market cap of $26,030.00, a P/E ratio of 21.08, a price-to-earnings-growth ratio of 1.94 and a beta of 1.04.

Stanley Black & Decker (NYSE:SWK) last posted its earnings results on Wednesday, January 24th. The industrial products company reported $2.18 EPS for the quarter, topping analysts’ consensus estimates of $2.14 by $0.04. Stanley Black & Decker had a net margin of 9.62% and a return on equity of 15.48%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The firm’s revenue was up 16.9% on a year-over-year basis.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SWK. BB&T Investment Services Inc. purchased a new position in shares of Stanley Black & Decker during the 2nd quarter valued at $102,000. Migdal Insurance & Financial Holdings Ltd. lifted its stake in shares of Stanley Black & Decker by 22.9% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,806 shares of the industrial products company’s stock valued at $131,000 after buying an additional 709 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in shares of Stanley Black & Decker during the 3rd quarter valued at $141,000. Rowland & Co. Investment Counsel ADV purchased a new position in shares of Stanley Black & Decker during the 4th quarter valued at $145,000. Finally, Thompson Davis & CO. Inc. lifted its stake in shares of Stanley Black & Decker by 108.8% during the 3rd quarter. Thompson Davis & CO. Inc. now owns 1,023 shares of the industrial products company’s stock valued at $154,000 after buying an additional 533 shares in the last quarter. Institutional investors own 84.07% of the company’s stock.

In related news, CFO Donald Allan sold 30,090 shares of Stanley Black & Decker stock in a transaction on Friday, November 10th. The shares were sold at an average price of $163.11, for a total transaction of $4,907,979.90. Following the transaction, the chief financial officer now owns 129,203 shares in the company, valued at approximately $21,074,301.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey D. Ansell sold 5,737 shares of Stanley Black & Decker stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $169.20, for a total transaction of $970,700.40. Following the transaction, the executive vice president now owns 57,480 shares in the company, valued at approximately $9,725,616. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,672 shares of company stock worth $7,006,668. 1.15% of the stock is owned by corporate insiders.

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Stanley Black & Decker Company Profile

Stanley Black & Decker, Inc is a global provider of hand tools, power tools and related accessories, mechanical access solutions, such as automatic doors and commercial locking systems, electronic security and monitoring systems, healthcare solutions, engineered fastening systems, and products and services for various industrial applications.

Earnings History and Estimates for Stanley Black & Decker (NYSE:SWK)

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